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Feb 21, 2013
02/13
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bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm not sure there's anything new here. perhaps an argument, too, where angela merkel is concerned, the power she would least like to see in power is the -- in a few months time. we've talked a lot about politics. i want to get a sense of, too, the voice of the business in terms of what they need to see after this election. and i spoke to the ceo of the largest retail bank here in san paolo and we talked about this idea of reforms and a mandate for change. germany arguably had schroeder. i asked whether perhaps the most influential and important italian doesn't actually sit in this cup, but he sits at the head of the ecb. listen to what was said. >>
bersani with the agreement with angela merkel. i don't think mario monti has hidden the fact that he's concerned about the influence, particularly the power of the union on the democratic party. if we look on the german side, the foreign minister said what they want ultimately is a party that's going to continue with the reforms, that's going to continue with the fiscal consolidation. i'm not sure there's anything new here. perhaps an argument, too, where angela merkel is concerned, the power...
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Feb 19, 2013
02/13
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we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s suggest mario monti may, in fact b with be something of a spoiler. >> and the election largely coming down to five key candidates. the front-runner is bersani. he's the leader of the center left pd party, calling for growth measures alongside monte's plan. sylvia berlusconi is threatening to make a political comeback despite corruption scandals. we've mentioned the comedian beppe grillo. at the same time, the former caretaker mario monti, he's been struggling to gain ground in his first ever political campaign. and then last, not necessarily lea
we talk to ceo angela aarons. we'll hear from her later in the show. >>> and taking the positive u.s. housing numbers from the nhab numbers. we'll be in new york with analysis at 11:45 cet. >> the italian election race is heating up. there is less than a week before voters head to the polls. comedian turns politician beppe grillo, in fact, is owes closing in on sylvia berlusconi for second place. official polls can no longer be published. the private polls seen by reuter s...
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Feb 28, 2013
02/13
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meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >> confirms that sense, contactually. >> mario draghi indicated his intention to keep the euro going, saying we are far from having an exit in mind. >> at this point in time, economic policy remains cognitive because we are far from being in a situation where we can actually start having an exit in mind. we see that inflationary expectations are very well anchored. if anything, inflation is going down. and we foresee for next year a significantly an inflation which is significantly lower than 2%. >> if we're going to see inflation significantly below 2%, it's being suggested there's room for them to do more, isn't he? >> possibly.
meeting was no longer possible and what's interesting is napolitano is supposed to be meeting with angela merkel for lunch today, i believe. >> no clowning around at that lunch. >> well done. i wish i were a fly on the wall for that one. >> it does make things extremely awkward ahead of that meeting. >> there's nothing quite like, you know, all the stereotypes that people talk about. there's nothing quite like when somebody comes out and proves stereo typical -- >>...
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Sep 6, 2013
09/13
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angela merkel viewers who are thinking g-20 doesn't affect me at all. maybe it does for something like bets. have a look in the communique later on, the discord on syria, have a bet, base erosion and profit sharing. this is something which looks like an obscure acronym to all you guys invested in u.s. stock and uk stocks, but it means a lot of multinationals will see a lot of pressure if this goes through and becomes laws in various countries to share information, to pay tax locally, and that could affect the profits of a lot of big multinationals who have been avoiding paying taxes in various jurisdictions. i know that's not syria. i know talking about tax is nowhere near as exciting as geopolitics but that's one of the tangible things we get out of the communique later today. back to you. >> thank you very much for flagging that up for us. >>> tomorrow's jobs report from the u.s., will it decide the date for fed tapering? ross talks to lorenzo bini smaghi. stay tuned for that. we'll be back in two. >>> positive data from the us has harden believe the
angela merkel viewers who are thinking g-20 doesn't affect me at all. maybe it does for something like bets. have a look in the communique later on, the discord on syria, have a bet, base erosion and profit sharing. this is something which looks like an obscure acronym to all you guys invested in u.s. stock and uk stocks, but it means a lot of multinationals will see a lot of pressure if this goes through and becomes laws in various countries to share information, to pay tax locally, and that...
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Oct 28, 2013
10/13
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they are saying that president obama was informed about the spying on angela merkel from this summer and then he immediately stopped the spying on angela merkel among others. 35 international leading politicians. so that might actually be the case. that might actually be as well the opportunity of president obama saving his face in front of angela merkel and as well perhaps being a little bit of a cure to the german/united states relation. one thing is clear, they have been spying on angela merkel's phone and as well the relations between germany and washington or the united states are seriously damaged, at least for now. with that, back to you. >> yes. got to run. for now. thanks, annette at that. that's the latest from the german point of view. >>> meanwhile, more bad news. critical obama care websites crashed. the crashed data center determines eligibility for government subsidies. the company is working to resolve the issue as quickly as possible. >>> michigan governor rick snyder is expected to testify in detroit's bankruptcy eligibility trial. governor snyder orchestrated the s
they are saying that president obama was informed about the spying on angela merkel from this summer and then he immediately stopped the spying on angela merkel among others. 35 international leading politicians. so that might actually be the case. that might actually be as well the opportunity of president obama saving his face in front of angela merkel and as well perhaps being a little bit of a cure to the german/united states relation. one thing is clear, they have been spying on angela...
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Aug 19, 2013
08/13
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global investors will be comfortable with angela merkel. and any change from that introduces a fair amount of uncertainty for all of europe and for especially the periphery and how they will be dealt with. so i think the biggest risk would be a compression of that 16-point lead that merkel currently enjoys. she's certainly right to not be complacent and to get the rest of her party and her coalition out to vote so that she can assure herself of leadership going forward. >> zane, i know you are a fixed income guy. very quickly, last week saw the strongest inflows into eu equity funds since early 2008. u.s. fund managers now also turning more and more optimistic on europe. they want to invest into companies that have european exposure. are we getting ahead of ourselves here? >> well, that may be the case. i think when you look at valuation levels, people are looking at valuation in terms of p/e ratios here in the united states. they are looking at europe and we saw, wow, europe is coming out of their recession. we actually got positive growth
global investors will be comfortable with angela merkel. and any change from that introduces a fair amount of uncertainty for all of europe and for especially the periphery and how they will be dealt with. so i think the biggest risk would be a compression of that 16-point lead that merkel currently enjoys. she's certainly right to not be complacent and to get the rest of her party and her coalition out to vote so that she can assure herself of leadership going forward. >> zane, i know...
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Sep 16, 2013
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meanwhile, angela merkel sister partner csu is showing 49% of the vote. her center right coalition in the upcoming national elections have been dealt a blow because the fdp party was ejected from the assembly. annette is in berlin working through the tea leaves what this might mean for the general election that's coming up. anetta. >> reporter: well, actually, you were already pointing out that the little party's weak outcome in the bavarian election might be a threat to the election upcoming here in berlin for the whole of germany. there's an other side to this interpretation that even could activate voters who are going to vote for theunrstanding in the german society, the fdp, the liberal party should be represented in parliament. this could be the effect. i'm going to discuss with my guest here, alexander schuman, the german chancellor of commerce here in berlin. thank you for joining us, alexander. that will be my first question. what do you think is the outcome or the effect from the ba vafian election when it comes to the weakness of the liberal pa
meanwhile, angela merkel sister partner csu is showing 49% of the vote. her center right coalition in the upcoming national elections have been dealt a blow because the fdp party was ejected from the assembly. annette is in berlin working through the tea leaves what this might mean for the general election that's coming up. anetta. >> reporter: well, actually, you were already pointing out that the little party's weak outcome in the bavarian election might be a threat to the election...
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Sep 24, 2013
09/13
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angela merkel clearly won this election. she's in the driving seat. how tempting might it be to have a green coalition and ignore the spd? >> well, i think just on the ifo for a moment, ross, i think this is fascinating how this may now play into some "o" negotiations. what you've got in the greens and the spd are two parties effectively that think the rich should pay more, but also there should be at this point more public spending to help stimulate stronger growth. so on the one hand, you might argue that weaker economic indicators plays into their hands a little bit here. but on the other side of that, maybe merkel can say, you know what? look how fragile things are. we don't want to start tinkering around, raising taxes, putting in place minimum wages that could be costly for companies. so this does help guide the negotiation strategy a little bit. >> well, actually, the social democrats are very much, as you pointed out, in favor of more spending. but at the same time, they are, as well, in favor of more spending most likely for the eurozone. so
angela merkel clearly won this election. she's in the driving seat. how tempting might it be to have a green coalition and ignore the spd? >> well, i think just on the ifo for a moment, ross, i think this is fascinating how this may now play into some "o" negotiations. what you've got in the greens and the spd are two parties effectively that think the rich should pay more, but also there should be at this point more public spending to help stimulate stronger growth. so on the...
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Nov 27, 2013
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>> translator: my relationship with angela merkel was good. i must say that we always spoke to each other with respect and sinceri sincerity. she is much nicer in person than you would expect. at the g-20 meeting, we were facing huge turmoil with high risk premiums with italy and spain. she was trying, with all the world leaders, to provide an exit, to find an answer. all of this took place in the presence of the u.s. president who was affected by the situation. if the eurozone was to fail, again, it would have impacted the world's economy. china and all the world's powerful countries have their eyes on the eurozone. the solution was to ask for a bailout. in the end, we didn't request a bailout. angela merkel, although she suggested it to me, was respectful when she approached and when i told her. >> the banks are about to exit the bailout program, but there are plenty of problems still like the youautomic regions or schedule. >> i think the spanish society has made a huge effort and huge sacrifices. if we want to exit the crisis, we need abov
>> translator: my relationship with angela merkel was good. i must say that we always spoke to each other with respect and sinceri sincerity. she is much nicer in person than you would expect. at the g-20 meeting, we were facing huge turmoil with high risk premiums with italy and spain. she was trying, with all the world leaders, to provide an exit, to find an answer. all of this took place in the presence of the u.s. president who was affected by the situation. if the eurozone was to...
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Aug 28, 2013
08/13
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was it a calculated snap from angela merkel? the german chancellor claims greece should have never been let into the euro. i'll have more after the break. usua l please. usua thank you very much. ok guys, i'm back. i need a template of a template. oh my gosh. i've never even seen this record, i've only read about it in books. yeah we can get some peanut...that is huge. please don't judge the amount of peanut butter we are getting. from prepaid to platinum, cashback and more membership has a card for every character. i'm carrie brownstein and i get to be whoever i want. this is what membership is. this is what membership does. >>> the german chancellor angela merkel says greece should never have been allowed to join the euro. speaking at a campaign event yesterday, she blamed gerhard schroeder saying the decision was fundamentally wrong. annette is following the campaign for us. she's in berlin. and annette, this was some fons to comments of gerhard schroeder had made. the remarkable thing is that the way that germany is paying f
was it a calculated snap from angela merkel? the german chancellor claims greece should have never been let into the euro. i'll have more after the break. usua l please. usua thank you very much. ok guys, i'm back. i need a template of a template. oh my gosh. i've never even seen this record, i've only read about it in books. yeah we can get some peanut...that is huge. please don't judge the amount of peanut butter we are getting. from prepaid to platinum, cashback and more membership has a...
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Oct 28, 2013
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angela, the story's played out in the u.k. very prominently on the domestic level. >> yes. >> howls of outrage from politicians and the public and the industry has come back and said, well, look, you reep what you sew. this is a consequence of what you've done around renewable energy and it's a consequence of international wholesale prices. as we're now into this discussion for a couple of weeks, what do you think is coming clear here? who actually has the right? >> the reality is this should have taken place some time ago. things have always been added onto the energy bill and there's never been real clarity about what you were paying for. the householder or the business, the answer was it all came from the energy companies. you're exactly right. the companies were looking at significant rises on what they refer to as the pass throughs, pass through and straight on the bill. the political elements were saying, it's all your fault. the consumer elements were saying it's all your fault. this time the energy industry instead of
angela, the story's played out in the u.k. very prominently on the domestic level. >> yes. >> howls of outrage from politicians and the public and the industry has come back and said, well, look, you reep what you sew. this is a consequence of what you've done around renewable energy and it's a consequence of international wholesale prices. as we're now into this discussion for a couple of weeks, what do you think is coming clear here? who actually has the right? >> the...
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May 27, 2013
05/13
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this is angela merkel and mr. chang warning difficulty must be avoided. >>> the eu is investigating app apple for accusations it is unfairly paying less taxes. >> announcer: you're watching "worldwide exchange," business news from around the globe. >>> on today's show, a completely new concept allowing companies to raise income from their own savings. that's where entrepreneur mark hudson claims oxygen finance can do. >>> google's eric schmidt continues to defend google's paying taxes. >>> leaders from middle east and north africa have been gathering in jordan for the world economic for ym. we hear from the ceo about the challenges of security issues. >>> also coming up, we will visit bangkok. its capital is taking the top spot to london. that's right. we will be joined for more at 11:40 cet. >>> minutes from the bank of japan's april meeting think the central bank should consider measures to prevent a drop in liquidity from the japanese drop in bond markets. the bank's targets as hardly reached by march 2016. her
this is angela merkel and mr. chang warning difficulty must be avoided. >>> the eu is investigating app apple for accusations it is unfairly paying less taxes. >> announcer: you're watching "worldwide exchange," business news from around the globe. >>> on today's show, a completely new concept allowing companies to raise income from their own savings. that's where entrepreneur mark hudson claims oxygen finance can do. >>> google's eric schmidt...
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Jan 8, 2013
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. >>> and government is on track for the austerity measures as angela merkel gives up -- for election. >>> and aig just finished off paying off its massive bailout, but the company is now weighing on whether to sue the u.s. government over that very rescue. >> now 2013. >> it's been so long. how long has it been? >> months. >> better make the most of it, though. >> two days. >> yeah. two days. >> then it's onward. >> anyway, look, we're here. i still don't know what time zone and country i'm in. >> there was snow, right? >> there was. it was beautiful. >> on today's show, we hone in on samsung in seoul. i'm all frufterred because you're back. the electronic giant will expand its lead over apple this year. >> and we've got our chips in. and we'll head out to las vegas for the latest on the consumer electronics show. >> the trade deficit widens to its largest level in five years. >> and we'll get the latest from wall street on just how happy a new year bankers are likely to have. >> i hope it's not that happy. some will be okay. generally speaking. >>> now, the greek prime minister anth
. >>> and government is on track for the austerity measures as angela merkel gives up -- for election. >>> and aig just finished off paying off its massive bailout, but the company is now weighing on whether to sue the u.s. government over that very rescue. >> now 2013. >> it's been so long. how long has it been? >> months. >> better make the most of it, though. >> two days. >> yeah. two days. >> then it's onward. >> anyway,...
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Dec 16, 2013
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angela merkel made it pretty clear she wants to have a german being a successor to him. with that, back to you, ross. >> thank you for that, annette. that's the recap of the new german government. >>> still to come, could the end of fed tapering send both bonds and equities higher. we'll have the discussion on how this might be positive for asset markets in 2014. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new york has a new plan -- dozens of tax free zones all across the state. move here, expand here, or start a new business here and pay no taxes for ten years... we're new york. if there's something that creates more jobs, and grows more businesses... we're open to it. start a tax-free business at startup-ny.com. we're open to it. stick with innovation. stick with power. stick with technology. get the new flexcare platinum from philips sonicare and save now. philips sonicare. >>> last week was the worst week for u.s. equities in around three months or over three months. the dow and s&p down 1.6%. righ
angela merkel made it pretty clear she wants to have a german being a successor to him. with that, back to you, ross. >> thank you for that, annette. that's the recap of the new german government. >>> still to come, could the end of fed tapering send both bonds and equities higher. we'll have the discussion on how this might be positive for asset markets in 2014. [ male announcer ] the new new york is open. open to innovation. open to ambition. open to bold ideas. that's why new...
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Aug 30, 2013
08/13
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this is after angela merkel and u.s. president barack obama agreed in a phone call that the gas attack in syria did breach international law. annette is with us. we'll go to hamburg. a beautiful shot of the hamburg port as well in northern germany. annette. >> yeah, actually angela merkel spoke to putin and came to the conclusion that there only can be a political solution to the problem down in syria. that sounded a little bit different from what she spoke about with -- what was the outcome in her talks with president obama. but one thing is pretty clear, war in syria extremely unpopular with germans, and just three weeks ahead -- before the elections, this is, of course, something -- the risk is too high for any of those political leaders, be it steinberg or angela merkel to say, yes, we go to war in syria, with germans being extremely against this. just to remember, gerhard schroeder in 2005 won an election by saying no war, we don't participate in any war against actually the whole different -- the whole world commun
this is after angela merkel and u.s. president barack obama agreed in a phone call that the gas attack in syria did breach international law. annette is with us. we'll go to hamburg. a beautiful shot of the hamburg port as well in northern germany. annette. >> yeah, actually angela merkel spoke to putin and came to the conclusion that there only can be a political solution to the problem down in syria. that sounded a little bit different from what she spoke about with -- what was the...
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Jul 3, 2013
07/13
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>> reporter: that meeting today with angela merkel and the 20 heads of states from the eurozone with the labor ministers will probably be overshadowed by all the tensions with -- coming from portugal. as well from greece, with their respective prime minister both attending. speaking about portugal, their prime minister is nevertheless, despite the -- nevertheless is attending the summit in berlin. the economy minister of portugal as well is here to speak about youth unemployment and as well to tackle the problem of youth unemployment by, for example, bilateral treaty with germany on combined or on support from germany, when it comes to vocational training or training on the job which germany promotes as one of the key remedies to the crisis of youth unemployment in southern europe. that is mainly what they are discussing here today. they'll probably come up with a more pronounced plan, using not used funds from the european union which could amount to 16 billion euros according to the labor minister here in germany. >> as you say, annettia, you're there, because, of course, we have g
>> reporter: that meeting today with angela merkel and the 20 heads of states from the eurozone with the labor ministers will probably be overshadowed by all the tensions with -- coming from portugal. as well from greece, with their respective prime minister both attending. speaking about portugal, their prime minister is nevertheless, despite the -- nevertheless is attending the summit in berlin. the economy minister of portugal as well is here to speak about youth unemployment and as...
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Feb 4, 2013
02/13
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but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear marked, of course, as a budget meeting, but i daresay we will trickle along nicely or unnicely until finally they reach an agreement on the next budget. in terms of the eurozone debt crisis, of course, that's the other point of discussion. at the moment, there's a little bit of cautious shoulder padd g padding, but it will be a bit more cautious because of the aforementioned festering crisis in spain. obviously, what we've seen at the moment is we live on the principal hope that the eurozone might grow itself or stabilize itself out of the c
but that's nothing angela merkel can influence. i'm sure it's going to be a topic of discussion saying, look, is this going to be a government crisis? can you avert this? that is nothing we will hear about. the official communique will sound similar to what we heard out of paris, out of the monte meeting. don't expect a result on this budget summit yet on the table and on we go to the next rendezvous in terms of the budgets. we've got another eu summit in march, which is not -- which is not ear...
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Nov 28, 2013
11/13
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i think german officials and angela merkel genuinely believe what they say. that they want both stability and responsibility taken by countries who they have to help in the eurozone. but definitely it's not seen that way in southern europe. so it will be very interesting to see what she does with these four years. certainly she is the world leader who's unique, i think, in having won re-election twice since the financial crisis which in itself is a big achievement. >> thank you so much. probably we're moving to the left here in germany, but at the same time, she will stick, i will say, to her austerity driven eurozone policy. so that's it from here for now. back to you. >> we'll be back with you later in berlin. thanks for that, annette. also on today's show, as america enjoys its day off and a day of eating and drinking, we'll find out how to prepare the perfect turkey here in our studio. yes, i am doning a chef's outfit. plenty to come up on that. >>> can china cut its casho emission by almost half in 2020? we'll discuss a rollout of the new pilot scheme. >
i think german officials and angela merkel genuinely believe what they say. that they want both stability and responsibility taken by countries who they have to help in the eurozone. but definitely it's not seen that way in southern europe. so it will be very interesting to see what she does with these four years. certainly she is the world leader who's unique, i think, in having won re-election twice since the financial crisis which in itself is a big achievement. >> thank you so much....
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Jun 24, 2013
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angela merkel's party is the favorite to defeat the spd opposition. key proposals of the christian democratic union have already been released. carolyn roth is in berlin and she joins us now. so we're looking ahead towards what's going to be taking place over the next couple of months. and also what type of changes we're going to see from within the various coalitions in germany at the moment. >> absolutely. i mean, the platform has already pretty much been released over the last couple of weeks. it's been heavily criticized because as you pointed out, there's this gravitational shift toward the center. even towards the left with some of the policies very much socialist. what we're talking about rent control, talking about minimum wage. so many would argue angela merkel hasn't just taken a page out of the social democrats playbook but entire chapters. she's also been criticized for how she's going to be able to finance these 30 billion euros in spending for families, for children, mothers, for education research and road infrastructure. given that the
angela merkel's party is the favorite to defeat the spd opposition. key proposals of the christian democratic union have already been released. carolyn roth is in berlin and she joins us now. so we're looking ahead towards what's going to be taking place over the next couple of months. and also what type of changes we're going to see from within the various coalitions in germany at the moment. >> absolutely. i mean, the platform has already pretty much been released over the last couple...
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Apr 9, 2013
04/13
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angela moore is general manager here? events director here. angela, we didn't know this, mandy, is from melbourne. >> hello. >> you have to come down and visit us. jalong, just outseat melbourne. what's better, your school? >> jalong college all the way. >> a very good school. >> melbournian working here. it goes to show what the mayor was saying. even people from australia find their way here. >> prince charles i believe spent some time at jalong grammar. many more coming up here. >>> street talk as well. we found five stocks that need to be on your radar right now. the markets's on the move. you also have the s&p 500 sitting there at 1571. guess what? we've now crossed one point over that closing high that we hit last tuesday of 1570. this of course is the big question. stick around to find out. ♪ ♪ here we are, me and you ♪ on the road ♪ and we know that it goes on and on ♪ [ female announcer ] you're the boss of your life. in charge of making memories and keeping promises. ask your financial professional how lincoln financial can
angela moore is general manager here? events director here. angela, we didn't know this, mandy, is from melbourne. >> hello. >> you have to come down and visit us. jalong, just outseat melbourne. what's better, your school? >> jalong college all the way. >> a very good school. >> melbournian working here. it goes to show what the mayor was saying. even people from australia find their way here. >> prince charles i believe spent some time at jalong grammar....
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Sep 19, 2013
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how will that upset the rest of the counting and angela merkel's coalition plan? >> ang angela merkel's coalition plan is rather unlikely if they attract that much of voters. because right now, the polls are showing that the ruling coalition is not going to have a majority on election day. at the same time, it really looks like a grand coalition because, of course, the afd or the anti-european party is not a coalition partner for angela merkel's cdu, but for the implication and more what could happen after the election. thank you very much for coming here. is angela merkel really keeping up her european policy as well after the election according to your opinion. >> to my mind, her speed of integration will slow down significantly. now she goes more and more towards a transnational eu which means bilateral agreements between parliaments, bilateral agreements of governments with the eu commission. but the eu commission only is a marginal actor in it. they are dealing with reforms. >> so if that was because they was to keep the uk in? >> this is one argument because
how will that upset the rest of the counting and angela merkel's coalition plan? >> ang angela merkel's coalition plan is rather unlikely if they attract that much of voters. because right now, the polls are showing that the ruling coalition is not going to have a majority on election day. at the same time, it really looks like a grand coalition because, of course, the afd or the anti-european party is not a coalition partner for angela merkel's cdu, but for the implication and more what...
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Aug 12, 2013
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as evidence, angela merkel is lying to voters ahead of the elections. a bundesbank report, greece will need fresh aid in 2014. germany's finance ministry declined to comment. >>> and we'll find out more about the health of the greek economy when we get second quarter gdp at 11:00 c.t., and we'll, of course, have instant analysis for you. >>> the data may not be due until wednesday, but france's finance minister insists his country is out of recession. he told reporters in paris that gdp data due to be released august 14th will show a 2% rise in growth following two quarters of declines. >> translator: we are out of recession, and what does this mean for us? recession is having two quarters in a row of negative growth. that's what we had. last quarter of 2012 was the -- and the first quarter of 2013. now we've entered a period of positive growth. that will be the case for the second quarter of 2013. >> on wednesday, gdp data will also be released from germany, portugal, the netherlands as a whole. >>> meanwhile, u.s. authorities are reportedly considerin
as evidence, angela merkel is lying to voters ahead of the elections. a bundesbank report, greece will need fresh aid in 2014. germany's finance ministry declined to comment. >>> and we'll find out more about the health of the greek economy when we get second quarter gdp at 11:00 c.t., and we'll, of course, have instant analysis for you. >>> the data may not be due until wednesday, but france's finance minister insists his country is out of recession. he told reporters in...
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Oct 14, 2013
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more to come including angela merkel's cvu party. we asked people, "if you could get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ >>> these are the headlines from around the globe. the clock is ticking. talks to avoid a potential u.s. debt default may lie in the hands of these two senate leaders with just three days left to reach a deal. >>> chinese consumer prices are at a seven month old high. exports are nose diving in september. >>> inflation is also an issue in india as wholesale prices hit a seven month high fueled by a rapid rise in food prices. >>> peugeot confirms it's in cash infusion talks. its rival bmw will sell a record number of cars in china this year. >>> just four days away from
more to come including angela merkel's cvu party. we asked people, "if you could get paid to do something you really love, what would you do?" ♪ [ woman ] i'd be a writer. [ man ] i'd be a baker. [ woman ] i wanna be a pie maker. [ man ] i wanna be a pilot. [ woman ] i'd be an architect. what if i told you someone could pay you and what if that person were you? ♪ when you think about it, isn't that what retirement should be, paying ourselves to do what we love? ♪ >>>...
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Oct 16, 2013
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this is as angela merkel's party is under fire after a large donation from bmw. let's get more from annette in frankfurt. annette, as i understand it, there was a deal done here between the uk and germany. this is a report i read where britain would back germany's stance on easing up on co2 regulations in return for germany easing up on britain not being covered by banking union. what do you think of that? >> yeah. actually, that was the deal i was hearing as well about. nothing is official, but it seems logical because germany with its big car industry has a natural tendency to shelter that industry in the uk with its big banking scene has a natural tendency to shelter its banks. back we are nationalistic agenda. this donation from the quan family who is controlling bmw, it is legal, but it comes at a time that is not really good for angela merkel and her cdu because, of course, just after they postponed and pushed about a that tougher stance of the eu regarding co2 emissions for cars away, of course, the move is beneficial to bmw and daimler, i.e. the german in
this is as angela merkel's party is under fire after a large donation from bmw. let's get more from annette in frankfurt. annette, as i understand it, there was a deal done here between the uk and germany. this is a report i read where britain would back germany's stance on easing up on co2 regulations in return for germany easing up on britain not being covered by banking union. what do you think of that? >> yeah. actually, that was the deal i was hearing as well about. nothing is...
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Sep 27, 2013
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angela merkel was promising there wouldn't be any tax hike. we caught up earlier this week with the deputy chairman and i asked him whether he could envision a coalition with the green who are, as well, in favor of tax hikes. so take a listen what he said. >> the greens are, first of all, as far as taxes is concerned, much more on the side of taking out more money out of the people. we don't want it. we don't have the problem of too little taxes in germany, but of too much spending. so what we want to change is the spending has to go down in order to have a safe and clear budget. that is our goal, it's in our target. which will be not possible with the queen. >> so despite this earlier commitment of no tax hike for angela merkel's cdu, we are seeing a slight tendency to move towards that, but at the same time, they then want to change the current tax system, ie, to change the tax brackets. so it's a complicated thing here. so the other side, which is very interesting, we are already seeing the spd wanting to have more ministries that they woul
angela merkel was promising there wouldn't be any tax hike. we caught up earlier this week with the deputy chairman and i asked him whether he could envision a coalition with the green who are, as well, in favor of tax hikes. so take a listen what he said. >> the greens are, first of all, as far as taxes is concerned, much more on the side of taking out more money out of the people. we don't want it. we don't have the problem of too little taxes in germany, but of too much spending. so...
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May 22, 2013
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last year, angela merkel was at the top, followed by former u.s. secretary of state hillary clinton and then the brazilian president. only two businesswomen made it into the top ten, jill abramson and facebook coo sheryl sandberg. so, what we want to know is who do you think is the most powerful woman in the world? to let us know, you can get in touch with us, e-mail worldwide@c.com, twitte twitter @cnbcwex or @rosswe or @rosswestgate. >>> plenty more to come in the second hour of "worldwide exchange." top tax officials face another hearing on capitol hill today as the irs scandal continues to distract the white house. our next guest says the controversy could derail obama's second-term agenda. all that and plenty more as well as we count down to bernanke going to capitol hill as well. "worldwide exchange" continues in just a few moments. [ male announcer ] i've seen incredible things. otherworldly things. but there are some things i've never seen before. this ge jet engine can understand 5,000 data samples per second. which is good for business. b
last year, angela merkel was at the top, followed by former u.s. secretary of state hillary clinton and then the brazilian president. only two businesswomen made it into the top ten, jill abramson and facebook coo sheryl sandberg. so, what we want to know is who do you think is the most powerful woman in the world? to let us know, you can get in touch with us, e-mail worldwide@c.com, twitte twitter @cnbcwex or @rosswe or @rosswestgate. >>> plenty more to come in the second hour of...
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Jul 26, 2013
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the euro policies of angela merkel are virtually a national concern in europe. the claims we heard earlier in your program five minutes ago from this anti-euro party, these economic claims are, of course, ludicrous. germany has done fairly well in the euro. germany has record employment. it has low inflation. it has a balanced budget. and it owes that partly to the euro because the euro had forced germany to reform itself. so with this good economic situation for germany, voters are content, they will not demand a change in euro policies and as a result, for markets, probably the german election will not mean all that much. >> let me jump in here, it is annette in frankfurt. there is a lot of reports and as well speculation going on, though, that angela merkel will narrow or will be a bit more in favor of stimulus packages after those german elections as well that we -- she might be willing to say, yes, or to push a haircut for certain countries as well. don't you think there is at least a little bit of truth in those speculations? >> well, we have seen over the
the euro policies of angela merkel are virtually a national concern in europe. the claims we heard earlier in your program five minutes ago from this anti-euro party, these economic claims are, of course, ludicrous. germany has done fairly well in the euro. germany has record employment. it has low inflation. it has a balanced budget. and it owes that partly to the euro because the euro had forced germany to reform itself. so with this good economic situation for germany, voters are content,...
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Sep 17, 2013
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a new poll shows angela merkel's coalition is running neck and neck with those elections. how does it work? what is up for grabs? carolin has been looking at that, as well. >> let's take a closer look at the who, what and how of the german elections. first, the who. the chancellor candidates play a very important role in the campaigns, but their office is not regulated. so it is up to each party to pick a name. the incumbent is, of course, christian democratic candidate angela merkel standing for a third term. her main opponent from the social dpic party is the outspoken finance minister fear stein br uck. and we have rainer bruderle. the smaller parties do not name a chancellor candidate as it is improbable for them to be elected chancellor. they, instead, name one or two people, so-called spitzendagen who are to become the faces of the party. so who will make it into government? in germany, coon ligzs are formed when a single party does manage to get an absolute majority. the last time this happened was in 1957. so let's take a look at the possible combinations. first, a
a new poll shows angela merkel's coalition is running neck and neck with those elections. how does it work? what is up for grabs? carolin has been looking at that, as well. >> let's take a closer look at the who, what and how of the german elections. first, the who. the chancellor candidates play a very important role in the campaigns, but their office is not regulated. so it is up to each party to pick a name. the incumbent is, of course, christian democratic candidate angela merkel...
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May 15, 2013
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they advise angela merkel on economic matters. i asked him just how concerned he was about the german growth engine sputtering. >> the gdp data of today confirm the data on production and sales that we had already, and i am concerned about these data since we have to take account of what's happened in the fourth quarter of last year, a decline of 0.7% and the widespread expectation had been that after this very weak fourth quarter, we will have a rebound effect, and this has not happened, de facto instagnation. what we see now in germany and what is also concerning is that in france we see a similar development. they have their third consecutive quarter where gdp is falling. but in my view, this shows that the worst of the euro crisis is not yet over. we are in the middle of the crisis, and the crisis is spreading, spreading from the weak peripheral countries now to the core of the area, and i think it should make us very much concerned about this development. >> but what about the political ramifications, given that we are in an
they advise angela merkel on economic matters. i asked him just how concerned he was about the german growth engine sputtering. >> the gdp data of today confirm the data on production and sales that we had already, and i am concerned about these data since we have to take account of what's happened in the fourth quarter of last year, a decline of 0.7% and the widespread expectation had been that after this very weak fourth quarter, we will have a rebound effect, and this has not happened,...
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. >>> angela merkel among the well wisher for world champion f1 michael schumacher following his operation on a serious brain injury. >>> and a fiery train collision in the united states forces the evacuation in a small town. the latest in a string of concerns about oil by rail traffic. >>> and a warm welcome to the last trading day of 2013. and investors, certainly stock investors might be sorry to say good-bye to this year. it's been quite a stellar year. this won't be the most important trading day of the year, probably the least important trading day of the year. some markets some closinged. japan closed yesterday. germany, switzerland, ireland, athens closed yesterday, as well. right now on the stoxx 600, premature, advancers outpace decliners around 6 to 4. this is where we stand at the moment. the ftse 100 is up 18 points. if you look at the annual figures in a few moments, the cac 40 is up 0.2%. the ibex is fairly flat. this is what asia markets have done today. the nikkei closed yesterday, as well. the shanghai composite up 0.8%. the hang seng up 0.25%. the s&p/asx 200 is fairly f
. >>> angela merkel among the well wisher for world champion f1 michael schumacher following his operation on a serious brain injury. >>> and a fiery train collision in the united states forces the evacuation in a small town. the latest in a string of concerns about oil by rail traffic. >>> and a warm welcome to the last trading day of 2013. and investors, certainly stock investors might be sorry to say good-bye to this year. it's been quite a stellar year. this won't...
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May 29, 2013
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angela merkel is rallying her party in readiness for the upcoming german elections. after the break, we cross to frankfurt to hear why she can't count on support from the greens. >>> spain vows to hit its deficit target of 3% by 2014, but at 10:30 cet, we discuss how much it matters as the eu prepares a softening stance on struggling economies. >>> the central bank in brazil is vowing to fight inflation, but will it hike interest rates on the way to 8% tonight? we'll discuss the latin american giant at 10:45 cet. >>> and how will china respond to the eu's tough stance on the trade dispute? at 11:20 cet, we hear why the spat has weakened the eu as a global player. we went out and asked people a simple question: how old is the oldest person you've known? we gave people a sticker and had them show us. we learned a lot of us have known someone who's lived well into their 90s. and that's a great thing. but even though we're living longer, one thing that hasn't changed: the official retirement age. ♪ the question is how do you make sure you have the money you need to enj
angela merkel is rallying her party in readiness for the upcoming german elections. after the break, we cross to frankfurt to hear why she can't count on support from the greens. >>> spain vows to hit its deficit target of 3% by 2014, but at 10:30 cet, we discuss how much it matters as the eu prepares a softening stance on struggling economies. >>> the central bank in brazil is vowing to fight inflation, but will it hike interest rates on the way to 8% tonight? we'll discuss...
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Jul 15, 2013
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the latest poll shows angela merkel's ruling coalition is short of a parliamentary majority. seeking new coalition partners. back to anita in frankfurt. are most people thinking about a grand coalition? >> reporter: well, that's actually true. the germans really would prefer a grand coalition but the problem is that the social democrat candidate doesn't want to have a grand coalition. it's probably not up to him. looking at the recent polls, though, it might suggest angela merkel's party even might make it in her known coalition with the liberals because the liberals for the first time in a year reached the 5% threshold which is the prerequisite of getting into parliament and that would be a sign that the ruling coalition might still be re-elected but there is still a lot of insecurities. i mean, one of the very strong opponents is the green party, of course. they have that traditional part, the social democrats, which is a bit weak nowadays. and the strategy of the greens is to distance themselves a bit from it. yesterday evening there was a big interview with the public bro
the latest poll shows angela merkel's ruling coalition is short of a parliamentary majority. seeking new coalition partners. back to anita in frankfurt. are most people thinking about a grand coalition? >> reporter: well, that's actually true. the germans really would prefer a grand coalition but the problem is that the social democrat candidate doesn't want to have a grand coalition. it's probably not up to him. looking at the recent polls, though, it might suggest angela merkel's party...
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Sep 12, 2013
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and one of angela merkel's priority toes tackle it right after the election, she promised all over and over. again, and, of course, it's very dear to the heart of a little of middle stone companies who are partly at least high on the energy consumption side as they're looking at car parts suppliers. i traveled down to southern germany in the heartland on the german mittelstand company. they are a teddy bearmaker. take a listen to what they said about the rage of the company. >> it's been in existence for over 130 years. so we're certainly a company that's here for the long haul and you are always very much conscious of what's gone before and wa you want to leave as a legacy going forward. we always believe that a teddy bear or any animal that we make, any child will keep it for a lifetime. given the aim of all of us, we want to see people enjoy their teddy bears for as long as they're in the world. >> talking about growth, here we have a very difficult environment. how was that affected by the crisis? >> i think we were also clearly affected by it. it certainly presented challenges. bu
and one of angela merkel's priority toes tackle it right after the election, she promised all over and over. again, and, of course, it's very dear to the heart of a little of middle stone companies who are partly at least high on the energy consumption side as they're looking at car parts suppliers. i traveled down to southern germany in the heartland on the german mittelstand company. they are a teddy bearmaker. take a listen to what they said about the rage of the company. >> it's been...
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Sep 3, 2013
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angela merkel again stressed that she was the chancellor during four years where people really gained in wealth. she wants to stay the chancellor for another four years to make people even more happy by 2017. whether this is realistic or not, i'll discuss now with my guest who is christophe smith from the institute, from the rwi institute, i should say. thank you very much for coming to us here to berlin. so my first question would of course be is that realistic that people can be even more wealthy after another four years of angela merkel? >> actually all things in life are relative. and if germany looks at last four years, it will probably realize that other countries in the european union have fared much worse. our labor market has been very stable and we have been something like the growth anker in europe, which is saying something. but in all fairness, of course, the strength in this robustness is due to the reforms that we started in the beginning of the century, under the former government. so good things sometimes take long-term to work. >> and steinbrook is criticizing the go
angela merkel again stressed that she was the chancellor during four years where people really gained in wealth. she wants to stay the chancellor for another four years to make people even more happy by 2017. whether this is realistic or not, i'll discuss now with my guest who is christophe smith from the institute, from the rwi institute, i should say. thank you very much for coming to us here to berlin. so my first question would of course be is that realistic that people can be even more...
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Sep 18, 2013
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spd will not be a -- with angela merkel again. we've learned from that. >> it's clear that all the members have made et clear they're backing the very successful cdu liberal coalition. >> we get enough votes, we get enough votes and that's not a question of sympathy. >> of course we're always in favor of talking to everybody. i spoke today with members of the christian democrat party. that's normal for democrats. but here we are speaking about the formation of a government. those talks will probably be rather short. >> all right. annette is in berlin with her own thoughts on this. the coalition is looking more likely than not, annette ya. what would that mean in terms of the big policy decision particularly towards the rest of europe? >> well actually the big coalition or the grand coalition, as we call it is it's becoming more likely because the levels are extremely weak. in the recent polls. the christian democrats have some sort of weakness if you look at the last pull by the institute. but nevertheless, the call is very close
spd will not be a -- with angela merkel again. we've learned from that. >> it's clear that all the members have made et clear they're backing the very successful cdu liberal coalition. >> we get enough votes, we get enough votes and that's not a question of sympathy. >> of course we're always in favor of talking to everybody. i spoke today with members of the christian democrat party. that's normal for democrats. but here we are speaking about the formation of a government....
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Sep 9, 2013
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red red green is what angela merkel is fearing right now. >>> let's change back to tokyo now. still in celebration after winning the bid to host the 2020 olympics. many are hopeful that that event will give a boost to the recovering economy. we have the story live from the winning city. do you still feel that sense of excitement as you are at work today? >> reporter: yes. yes. everyone seemed to be overjoyed in the streets still in excitement and it's continuing and so is prime minister abe excited. he believes the event will definitely be a boost to growth. the stock market rallied with the nikkei index finishing 2.5% higher. notable gainers were general contractors and property developers since hosting the olympics will bring a demand for construction projects. it jumped 14% while shi my zu was up 8%. real estate gained the most finishing up 5%. according to the plan presented over the weekend, the event will be centered within a five mile circle within the city's downtown area, including a developing waterfront neighborhood. many assume they will be given a makeover. touris
red red green is what angela merkel is fearing right now. >>> let's change back to tokyo now. still in celebration after winning the bid to host the 2020 olympics. many are hopeful that that event will give a boost to the recovering economy. we have the story live from the winning city. do you still feel that sense of excitement as you are at work today? >> reporter: yes. yes. everyone seemed to be overjoyed in the streets still in excitement and it's continuing and so is prime...
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Jul 19, 2013
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germany is a country of freedom, not surveillance, says angela merkel. international law has to dreadd the speed of technological development. the greek debt writedown would create a massive insecurity in the eurozone. on european closing bell, the evening show here in europe, i was speaking to the former deputy greek finance minister about whether or not there should be a debt writedown and he was strongly advising there should be, saying, look, we can't pay our debts and you need to be looking at another haircut still to come. so that surely is going to be spoken about once again. >>> let's move on, because here in the studio, steven england, the global head of g-10 strategy, a city, and he stepped in to talk about what is going on in currencies. hi, steven. let's talk about the yen. we have this upper house collection this weekend, broadly assumed that prime minister abe is going to run off with a victory there. are we going to see following yen weakness on the back of this or are we going to see yen strength? >> well, there is a debate on that. i com
germany is a country of freedom, not surveillance, says angela merkel. international law has to dreadd the speed of technological development. the greek debt writedown would create a massive insecurity in the eurozone. on european closing bell, the evening show here in europe, i was speaking to the former deputy greek finance minister about whether or not there should be a debt writedown and he was strongly advising there should be, saying, look, we can't pay our debts and you need to be...
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this follows angela merkel, the german chancellor getting a lesson in happiness. alice says watching the lion wes a couple of cold ones. and don't forget, also, coming up tonight on the kudlow report, a first on cnbc interview with mitt romney. larry will talk with the former republican presidential candidate about the state of the economy, health care, and tax reform. don't miss out on that. it all kicks off at 7:00 eastern. and, of course, on "squawk box" tomorrow here in europe, there will be an exclusive interview with poland's prime minister, donald tusk from 7:00 cet. >>> coming up next, it's the original version of "squawk box" with the countdown to opening markets stateside. that's for u.s. viewers. european viewers, we now get extended programming, as well, as we take in the rate decisions from both the bank of england and the ecb. >>> good morning. today's top stories, the bulls are going to try to bounce back after another pretty big sell-off on wall street. the dow closed below 15,000 for the first time in a month and logged its worst two-day drop sinc
this follows angela merkel, the german chancellor getting a lesson in happiness. alice says watching the lion wes a couple of cold ones. and don't forget, also, coming up tonight on the kudlow report, a first on cnbc interview with mitt romney. larry will talk with the former republican presidential candidate about the state of the economy, health care, and tax reform. don't miss out on that. it all kicks off at 7:00 eastern. and, of course, on "squawk box" tomorrow here in europe,...
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how much is the eurozone crisis dictating what will happen for angela merkel and her coalition parter. >>. >> in contrast to what we've seen in other eurozone economies, angela merkel and her ruling csu party are at the peak of their power, even after having been in power for some years now. and that's quite remarkable. what it shows us is the ability of voters to support a politician most high approval ratings and at the same time they disapprove of a number of policies that they're implementing, specifically in terms of eurozone bailout. merkel is being rewarded, most obviously, for seem to go be tough on the conditions of those bailouts. at the same time, it's allowing them to take place. another, you know, undercurrent data is that the german economy has stayed in growth. and we think that's really important. where you see the anti-incumbent move has been in the last two years in countries that the direction of travel of the economy is negative. even if germany is barely in positive territory, it is there. >> presumably, they would like to avoid any activation, any more bailouts o
how much is the eurozone crisis dictating what will happen for angela merkel and her coalition parter. >>. >> in contrast to what we've seen in other eurozone economies, angela merkel and her ruling csu party are at the peak of their power, even after having been in power for some years now. and that's quite remarkable. what it shows us is the ability of voters to support a politician most high approval ratings and at the same time they disapprove of a number of policies that...
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May 1, 2013
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at a joint press conference with chancellor angela merkel, he said growth highlighted the need for a change of course. >> translator: we think that europe has to commit itself to the part of austerity and budget consolidation, which we've done and we want to continue doing, but it's not just that. at the same time, europe needs to invest the same commitment into growth. >> angela merkel was quoted saying growth and solid finances could come hand in hand, adding germany would not be where it was without solid budget management. >> hmm. lerkel, should we try that one? i'm telling you, he will be the next amemercozi. lisbon hopes to exit the terms of its bailout early next year, promising 2.8 billion euros. the country's finance minister promises further austerity beyond that point will focus on spending cuts and not tax increases. >>> moody, meanwhile, downgrading slovenia's credit rating to junk and adding concern the small eurozone nation may be next in line for a bailout. they cited the weak banking sector, uncertain funding prospects and deteriorating public finances as reasons for
at a joint press conference with chancellor angela merkel, he said growth highlighted the need for a change of course. >> translator: we think that europe has to commit itself to the part of austerity and budget consolidation, which we've done and we want to continue doing, but it's not just that. at the same time, europe needs to invest the same commitment into growth. >> angela merkel was quoted saying growth and solid finances could come hand in hand, adding germany would not be...
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angela merkel down 2% today. it's talking about third quarter copper production, which jumped 32% year on year. but the british based multi national reported a full in iron ore output. loreal is up nearly 2%. it's followed confirmation that the business is in talks to buy two of japan's french companies and its french stocks investors appear to have backed a cause organization, kelly, up around 4%. this is despite the hotel firm reporting a 3.1% revenue for the first quarter. let's get more on those two companies, stephane is in paris. >> stephane. >> i will kick off with loreal, ross. exclusive negotiations for the french company to sell two of its businesses based in paris. one company is specialized in skin, body and hair care treatment. it's specializing in the cosmetic aroma therapy. loreal is offering $213 million for the acquisition. the final price is still part of the negotiations with sishedo. for the japanese group sishedo, it suffered last year its first net losses in eight years and, therefore, the g
angela merkel down 2% today. it's talking about third quarter copper production, which jumped 32% year on year. but the british based multi national reported a full in iron ore output. loreal is up nearly 2%. it's followed confirmation that the business is in talks to buy two of japan's french companies and its french stocks investors appear to have backed a cause organization, kelly, up around 4%. this is despite the hotel firm reporting a 3.1% revenue for the first quarter. let's get more on...
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Apr 9, 2013
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angela merkel has said they're an export driven know. they're not going to inflate. they're just going to grind lower and lower and implode eventually into a long period of stagnati stagnation. there's no way out of it now. >> and the trouble is muddle through has become the default policy option here. while it's true the germans aren't going to allow inflation to happen, they are talking about wage rebalancing. you hear this sometimes. you see what the public and private unions are getting when it comes to wage bargaining. increases in the range of 5%, 6%, .% in some cases. the german real estate market is doing extremely well. so there are signs that there is some of this strengthening happen. i argue the biggest risk right now, if you want to look at the point of view in frarchb, by far the biggest risk is that the german economy isn't doing well enough. >> i think it's interesting that you should say that. the first thing is the ig mittal increase in wages is the first since 1992 of this magnitude. the most important thing is, the germans will say it's not our wa
angela merkel has said they're an export driven know. they're not going to inflate. they're just going to grind lower and lower and implode eventually into a long period of stagnati stagnation. there's no way out of it now. >> and the trouble is muddle through has become the default policy option here. while it's true the germans aren't going to allow inflation to happen, they are talking about wage rebalancing. you hear this sometimes. you see what the public and private unions are...
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Apr 18, 2013
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. >> if angela merkel wins in germany, nothing changes? is that your analysis of the situation? >> well, i -- you mean the -- >> the election in september, if angela merkel is returned in september, nothing changes? >> i -- when she continues, i don't see any changes. my conviction, i know her quite well and i know some people around her, like the minister of finance. >> you, when you were in power, led relatively conservative economic manifesto, you were criticize at some points for more not privatizing more quickly. but let me ask you this, growth is the problem now for europe, not just the political status quo. how do we get growth back to those economies of peripheral europe without getting the ecb just to open the spigotes and spend money? >> i was yesterday attending the margaret thatcher funeral in london. i have to say that i am repeating permanently that my great hero margaret modelled, margaret thatcher succeeded in privatizing three, four firms a year and we've been forced to privatize three or four firms per hour. but speaking about growth, there are some political s
. >> if angela merkel wins in germany, nothing changes? is that your analysis of the situation? >> well, i -- you mean the -- >> the election in september, if angela merkel is returned in september, nothing changes? >> i -- when she continues, i don't see any changes. my conviction, i know her quite well and i know some people around her, like the minister of finance. >> you, when you were in power, led relatively conservative economic manifesto, you were criticize...
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Jun 17, 2013
06/13
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angela merkel has suggested in public that germany needs tighter monetary policy. if greece were to default sometime next year or in 2015, guess what's going to be the first institution in europe that's going to need a bailout? it's going to be the ecb. it will need to be recapitalized and germany will have to foot the bill. >> wait a second. can you repeat that. the overall eurozone inflation rate is 1.4%. the target i think is 2%. they haven't grown in six quarters. you're telling me that those northern countries are actually worried about inflation. it sounds like the republican party here. the republican party here was worried about inflation during the last election. they ought to be worried about deflation. there's no inflation in the whole world right now, seriously >> unlike our federal reserve the ecb has a single mandate, price stability. dutch, austrian, finnish inflation, well above target. unemployment very low in these countries. unemployment very low in germany, so the ecb doesn't have an easy task and if the ecb goes all in with its balance sheet, l
angela merkel has suggested in public that germany needs tighter monetary policy. if greece were to default sometime next year or in 2015, guess what's going to be the first institution in europe that's going to need a bailout? it's going to be the ecb. it will need to be recapitalized and germany will have to foot the bill. >> wait a second. can you repeat that. the overall eurozone inflation rate is 1.4%. the target i think is 2%. they haven't grown in six quarters. you're telling me...
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Jun 28, 2013
06/13
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and frankly because of the german elections in two, three months, angela merkel doesn't want anything to do with it. they don't want to rock the boat. the social democrats are hitting her hard on her role in europe so basically everything we thought would happen at the summit was taken off the table, the draft, sort of leaked conclusions we've seen already, says we'll get back to it in october, after december. pushing it off the elections. we tried to push chancellor merkel on it but she denies it's the case but every senior leader said we can't do anything for the next to or three months. we have to wait till it gets over before we do anything on that. >> what might happen after the election then? >> well, i mean there's two or three things we have to watch for, one is this idea of the bank bailout mechanism. you know the commission here in brussels wants to create a centr centralized bailout fund that can reach into national financial systems and shut down banks, force losses on creditors and equity holders and even depositors in some cases. they want a more decentralized and networ
and frankly because of the german elections in two, three months, angela merkel doesn't want anything to do with it. they don't want to rock the boat. the social democrats are hitting her hard on her role in europe so basically everything we thought would happen at the summit was taken off the table, the draft, sort of leaked conclusions we've seen already, says we'll get back to it in october, after december. pushing it off the elections. we tried to push chancellor merkel on it but she denies...
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Jan 23, 2013
01/13
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angela merkel, we will hear from her later today. david cameron, we will hear from him tomorrow. mario monty is also here,also-m here and roy blankfein on our program on "squawk" on friday and talk to him about his views going on and mike corbit from citigroup is also here. among the hedge fund managers here. dan lobe is a regular and paul singer we talked in the last hour from elliott management. one that might surprise you. steve cohen, amid this big investigation on insider trading is in davos. a number of people have seen him walking around saying hello to people. i don't know if he's talking about the investigation. at a time you might think he would hide, he is out and about. a lot of people talking about who is not here almost sometimes as important as who is on the list. among those who are not coming this year, some big questions about what this means, what it says about davos. the whole google contingent, they used to throw a huge party friday nights the past several years, they opted out completely. what does that mean? bill clinton a regular is not here. and jim bryan
angela merkel, we will hear from her later today. david cameron, we will hear from him tomorrow. mario monty is also here,also-m here and roy blankfein on our program on "squawk" on friday and talk to him about his views going on and mike corbit from citigroup is also here. among the hedge fund managers here. dan lobe is a regular and paul singer we talked in the last hour from elliott management. one that might surprise you. steve cohen, amid this big investigation on insider trading...
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Nov 18, 2013
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. >>> angela merkel will enter the final stage of talks this weekend forming a coalition government. both sides have signaled a deal could be reached before november 26th which would give the german chancellor a new government by christmas. it comes as the industrial sector raises concerns about the coalition undermining the german economy. on sunday the country's car giants warned they would consider moving production elsewhere if business conditions worsened. >>> yes, this week we're traveling all across emerging europe. today it's monday which means karen is in bucharest. attention increasingly turns to some of the emerging economies. let's get out to you, karen, in the romanian capitol. right. how would you describe their economic situation? >> it's been a volatile story, ross. if you cast your mind back to 2000, this is an economy that was described as one that was growing so rapidly because it's trying to catch up to the western part of europe. we saw very strong growth rates here, average above 6%. so much hot money flooding into the country that romania didn't restructure som
. >>> angela merkel will enter the final stage of talks this weekend forming a coalition government. both sides have signaled a deal could be reached before november 26th which would give the german chancellor a new government by christmas. it comes as the industrial sector raises concerns about the coalition undermining the german economy. on sunday the country's car giants warned they would consider moving production elsewhere if business conditions worsened. >>> yes, this...
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May 10, 2013
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and actually had angela merkel from the very beginning oppose austerity. the same result would have occurred. it was a market event. >> it's an important point, obvious point. >> wii all read arguments after arguments after arguments. no need to name names here, from people who never mention markets. they basically say this is a bunch of a cruel conservatives who are -- because they feel like it, imposing this austerity on weaker countries when they're down, kicking them when they're down. >> when angela merkel travels to greece or something, they spit on her. >> we see the yields on spanish debt, italian debt return almost to precrisis level. but it would suggest some easing off of the schedule for budget typing is appropriate. and i think that's fine. provided it's done carefully and provided it doesn't trigger another market boycott. so i do think now there can be some easing. >> the leaders of germany and other more powerful nations see that as well. there is a time they could move to a growth oriented policy and some of these could come off given wher
and actually had angela merkel from the very beginning oppose austerity. the same result would have occurred. it was a market event. >> it's an important point, obvious point. >> wii all read arguments after arguments after arguments. no need to name names here, from people who never mention markets. they basically say this is a bunch of a cruel conservatives who are -- because they feel like it, imposing this austerity on weaker countries when they're down, kicking them when...
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May 2, 2013
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we're seeing popularity for angela merkel ever increasing. i think i'm in the cut camp. geoff, i think you're in the no cut camp. the debate here continues. this is what some economist res telling us about what the ecb should or should not be doing today. >> certainly, so i don't think it will hurt. that may be a first step for trying to allow conditions to what is happening in the rest of the world and what the european economy needs. >> i would say no, i think the ecb has a very -- you know, easy monetary policy, ample supply. there's emergency liquidity, also, by the national banks. so it should i would not say. >>. [ indiscernible ]. >> it is just a stunning argument for the semantics of a 25 basis point cut. what about a 50 point basis cut today? >> squeak would be my response. and that's the probable, isn't it? we know it's not about the interest rates. it's about the mechanism for getting money through the banking system back into the real economy. and that's the problem right now and it's not a rate cut that's going to do that job, is it? >> no. it would be a tac
we're seeing popularity for angela merkel ever increasing. i think i'm in the cut camp. geoff, i think you're in the no cut camp. the debate here continues. this is what some economist res telling us about what the ecb should or should not be doing today. >> certainly, so i don't think it will hurt. that may be a first step for trying to allow conditions to what is happening in the rest of the world and what the european economy needs. >> i would say no, i think the ecb has a very...
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Dec 20, 2013
12/13
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the deal has prompted the germ kwan chancellor angela merkel to call on european lead toers commit to binding contracts in order to reform their economies. >> translator: there is an agreement on the counselor stones of the resolution schemes for the banks and we will enter into intensive dialogue, which would be somewhat complicated if one looks at the comments from the european parliament today. but it's a compromise that was considered to be the right one around the table. >> reacting to the deal, the french president, francois hollande talked about its importance to markets and investor trust. >> all those who put their money in banks, whichever one of the eurozone they may be in, are certain that there will be no risk regarding their placement now. and it's an element of trust for the taxpayers, as well. >> stephane has more for us once again from paris. stephane, it seems very complex, what they've agreed. in fact, one could argue have we got a single resolution at all? what's the feeling there? >> the feeling is that we have an agreement between france and germany. as you knew,
the deal has prompted the germ kwan chancellor angela merkel to call on european lead toers commit to binding contracts in order to reform their economies. >> translator: there is an agreement on the counselor stones of the resolution schemes for the banks and we will enter into intensive dialogue, which would be somewhat complicated if one looks at the comments from the european parliament today. but it's a compromise that was considered to be the right one around the table. >>...